Official Code of Georgia Annotated

Title 30. HANDICAPPED PERSONS · Chapter 9. GEORGIA ACHIEVING A BETTER LIFE EXPERIENCE (ABLE)

30-9-15. Assignment of ABLE account prohibited.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

An ABLE account may not be assigned for the benefit of creditors, used as security or collateral for any loan, or otherwise subject to alienation, sale, transfer, assignment, pledge, encumbrance, or charge. Except as provided in Code Section 30-9-14, moneys paid into or out of an ABLE account, and the income and assets of such account, are not liable to attachment, levy, garnishment, or legal process in this state in favor of any creditor of or claimant against any designated beneficiary or account contributor.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Code 1981, § 30-9-15, enacted by Ga. L. 2016, p. 588, § 1/HB 768.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t27-t30-(v22)-2018-pdf.pdf, Volume V22, 2018 edition, page 850; merge action: carried; file SHA-256 62359f240c92.